Lutnick: Nvidia's H200 AI Chips Not Yet Sold in China; NVDA at $201.21

U.S. Commerce Secretary Howard Lutnick confirmed on April 22, 2026, that Nvidia has not sold H200 AI chips to Chinese firms due to Beijing's purchase restrictions and bilateral sales term disputes, despite January's U.S. conditional approval. Shipments remain stalled, while the affiliates rule—delayed a year in November as part of trade talks—stays under negotiation. This persistent geopolitical and regulatory uncertainty caps Nvidia's China market access, potentially limiting revenue growth and boosting NVDA share volatility, with intraday trading near $201.21 after a +0.79% gain to $201.45 earlier.